When Larry Forgets to Buy Milk at the Grocery Store,he

question 127

Multiple Choice

When Larry forgets to buy milk at the grocery store,he says,"I forgot milk because I was thinking about picking my daughter up from school." When Larry's wife forgets to buy milk,
Larry says,"She forgot milk at the store because she's an airhead." This is an example of

• A) actor/observer bias.
• B) deindividualization.
• C) ingroup/outgroup bias.
• D) just world hypothesis.

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Definitions:

Average Collection Period

A ratio that shows how quickly moneys owed are received from customers and thereby measures how effectively a company collects its accounts receivables.

Date of Sale

The specific day on which a transaction is completed and ownership of goods or assets is transferred.

Date of Payment

The specific day on which a payment is due or processed.

Accounts Receivable

Money owed to a business by its clients or customers for goods or services provided on credit.